Strive (ASST) completed a $225M upsized, oversubscribed offering of SATA preferred stock (over $600M in orders). It used proceeds and exchanges to retire $110M of legacy Semler (SMLR) debt — including converting $90M of convertible notes into SATA and repaying a $20M Coinbase credit loan — and plans to retire the remaining $10M by April 2026. The company purchased 333.89 BTC at an average price of $89,851, bringing total holdings to roughly 13,131–13,132 BTC (100% unencumbered). ASST shares traded down ~1.5% to $0.81.

Company raised $225M in an oversubscribed SATA preferred offering, retired $110M of legacy debt (including $90M convertible notes converted into SATA and repaid a $20M Coinbase loan), purchased 333.89 BTC at an average $89,851 bringing holdings to ~13,131–13,132 BTC that are 100% unencumbered; ASST shares fell ~1.5%.